Gujarat Apollo Industries is picking up a 26 per cent stake in Credo Mineral Industries (CMIL) for Rs 13 crore ($2.1 million), as per recent reports. The Ahmedabad-based CMIL is a part of Credo Group which focuses primarily on the mining and minerals sector of India.

Swiss engineering firm Ammann Group is picking 70 per cent stake in the consolidated road construction equipment business of Gujarat-based Apollo Group in a deal valuing the business at Rs 400 crore ($73 million).